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And the April 2014 Porker of the Month Is? Drumroll, Please!

"Porker of the Month is a dubious honor given to lawmakers, government officials, and political candidates who have shown a blatant disregard for the interests of taxpayers."

Last Friday, April 4, 2014, "Citizens Against Government Waste honored Rep. Jim Moran (D-Va.) as its April Porker of the Month for his gob smacking statement on April 3, 2014 that members of Congress are 'underpaid.'" Here's a portion of CAGW's justification:

"Had the statement been made earlier in the week, CAGW would have assumed that it was an April Fool’s joke.  Instead, it appears that Rep. Moran is just behaving like the fool he has become, in April.  If there is an upside to the statement, it is that it perfectly encapsulates the attitude of a significant number of members of Congress, a group characterized by their tone-deaf elitism, grinding sense of entitlement, and frightening disconnection from the realities of everyday American citizens.  In the April 3, 2014 interview with CQ Roll Call, Rep. Moran, who is thankfully retiring at the end of his current term, intoned that he and his colleagues are not adequately compensated for their public service.  “I think the American people should know that the members of Congress are underpaid,” Moran said.  “I understand that it’s widely felt that they underperform, but the fact is that this is the board of directors for the largest economic entity in the world.”  Since 2009, rank-and-file members of Congress have earned an annual salary of $174,000.

"Count CAGW among those who believe that Congress has underperformed, in exactly the same way that Bernie Madoff ultimately underperformed as the architect of his Ponzi scheme.  In fact, Rep., Moran is lucky that this legislative underperformance has not occurred in a private-sector boardroom.  Given its abysmal track record of wasteful spending and the overwhelming rise in the national debt to $17.6 trillion, such abject fiduciary failure and rampant duplicity would surely have resulted in the bankruptcy of the company, summary termination of the board’s employment by the company’s shareholders, and perhaps even a term in a federal security facility where orange is the new pinstripe.

Read the remainder of CAGW's press release for their entire justification, which includes this:

"In the real world, private-sector employees, including chief executive officers, are awarded raises based on success and measurable results; members of Congress should remain no different.  In an economic environment where only the top five percent of  U.S. wage earners make the base pay of members of Congress, median incomes have fallen to 1970s levels, the unemployment rate is stuck at 6.7 percent, and 10.5 million people are without jobs, Rep. Moran’s remarks are reprehensible."

Meanwhile, at the American Enterprise Institute's blog, Carpe Diem, yesterday, Mark Perry, tells us, "The average US CEO last year made only $178,400 (about the same as a dentist), and got a raise of less than 1%." Perry based his report on the 2013 Bureau of Labor Statistics report that included the category "chief executive" rather than a recent USA Today news article that featured only 200 of the nation's largest corporation. Perry includes a table that includes a range of annual wages for 2013 that is worth bookmarking.

Kudos to economics professor Mark Perry for his inimitable Carpe Diem blog.


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